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Update: Premier Investments Fiscal 2026 Earnings, Revenue Down; Shares Rise 8%

(Updates with the stock movement in the headline and last paragraph.)Premier Investments (ASX:PMV) logged AU$0.8047 in earnings per share for fiscal 2026, compared with AU$2.1123 a year ago, a Thursday filing showed.For the 52 weeks ended July 25, revenue was AU$808 million versus AU$831.3 million previously, the Australia-listed specialty retailer added.The board declared a final dividend of AU$0.36 per share, down from AU$0.50 a year earlier, payable Jan. 22, 2027, to shareholders on record as of Dec. 11.The company's shares jumped 8% in recent Thursday trade.

ASX:PMV

Wire7h ago

Everpure Reaffirms Fiscal 2027 Guidance, Sets 2028 Forecast

Everpure (P) said late Wednesday it reaffirmed its fiscal 2027 adjusted operating income guidance of $940 million to $960 million on revenue of $5.03 billion to $5.07 billion.Analysts polled by FactSet expect $959.8 million and $5.05 billion, respectively.The company also expects fiscal 2028 adjusted operating income of $1.7 billion to $1.9 billion on revenue of $7 billion to $7.3 billion.Analysts expect $1.32 billion and $6.19 billion, respectively.Shares of Everpure rose about 7% during after-hours trading.

Wire8h ago

NeoVolta Fiscal Q4 Loss Widens, Revenue Falls; Shares Drop After Hours

NeoVolta (NEOV) reported a fiscal Q4 loss late Wednesday of $0.24 per diluted share, widening from the loss of $0.05 a year earlier.Analysts polled by FactSet expected a loss of $0.09.Revenue in the three months ended June 30 fell to $13,460 from $4.75 million a year earlier.Analysts projected $1.3 million.NeoVolta shares fell 5.4% in after-hours trading.

$NEOV

Wire9h ago

Top Cryptocurrencies Fall; Bitcoin Drops Below $85,000 Level

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below the $85,000 Level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 3.4% in the past 24 hours. The Nasdaq 100 shed 0.9%, the S&P 500 lost 0.8%, and the Dow Jones Industrial Average declined 0.6%.Bitcoin fell 2% to $84,527, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 9.3% to $46.85 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 2.7% to $2,677.XRP (XRP-USD) lost 5.2%, BNB (BNB-USD) slumped 2.4%, and Solana (SOL-USD) shed 2.9%. Dogecoin (DOGE-USD) dropped 7.3%, and Cardano (ADA-USD) decreased 5.3%.The total market value of the cryptocurrency industry fell 2.3% in the past 24 hours to $2.87 trillion, with trading volume rising 11.2% to $130.57 billion.Price: $84527.49, Change: $-1667.79, Percent Change: -1.93%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire9h ago

Cadence Expands Partnership With Taiwan Semiconductor Manufacturing to Advance Chip Manufacturing Capabilities

Cadence Design Systems (CDNS) said Wednesday it expanded its partnership with Taiwan Semiconductor Manufacturing (TSM) to deliver advanced chip manufacturing capabilities for AI and high-performance computing.The company said it achieved tool certification for Taiwan Semiconductor's A16, A14, N2P semiconductor manufacturing process nodes, as well as for the ultra accelerator link interconnect standard built on the N3P semiconductor process technology, according to a statement.Price: $309.40, Change: $+6.45, Percent Change: +2.13%

$CDNS$TSM

Wire9h ago

Synopsys, Taiwan Semiconductor Collaborate to Accelerate AI Systems Innovation

Synopsys (SNPS) said Wednesday it has launched new innovations with Taiwan Semiconductor (TSM) to accelerate the development of next-generation AI, high-performance computing, and advanced semiconductor systems.Synopsys and Taiwan Semiconductor are helping customers address growing design complexity while accelerating adoption of TSM's latest process and advanced packaging technologies, the company said.The company said it is collaborating with TSM on analog design to achieve device routing enablement on A14, a significant milestone for advanced analog place-and-route automation that improves layout productivity and quickens adoption of advanced process technologies.Synopsys added that it recently expanded its portfolio of silicon-proven foundation, mobile industry processor interface, and memory intellectual property for TSM's N3P, N2P, and is developing IPs on compact "C" process technologies from 6nm through 3nm.Price: $416.53, Change: $+7.29, Percent Change: +1.78%

$SNPS$TSM

Wire9h ago

Alphabet Expands Free AI Video Generation to All Users in Google Vids

Alphabet's (GOOGL) said Wednesday it is expanding Google Vids to let anyone with a Google or Google Workspace account generate AI videos at no cost using its Gemini Omni 1.1 Flash model.The update adds controls to extend scenes with consistent lighting and characters, set specific clip durations, and generate or upscale video in 1080p HD. Every AI-generated clip will carry a SynthID watermark, Google said.Google said Gemini 3.8 Flash-Lite text-to-speech is coming soon to Vids, adding voiceover generation in more than 100 languages.The feature is available at vids.new, with expanded capacity offered through Google AI plans and Workspace Business and Enterprise tiers, according to the company.Price: $339.41, Change: $-11.76, Percent Change: -3.35%

$GOOG$GOOGL

Wire9h ago

Beneficient Seeks to Eliminate Debt, Equity Linked to Former CEO

Beneficient (BENF) said Wednesday it has launched a strategy to eliminate HCLP debt and equity interests tied to former CEO Brad Heppner following his May federal fraud conviction.The financial firm seeks a consensual resolution to cancel roughly $130 million in contested debt and void about $88 million in contractual obligations, it said.The proposed separation plan also includes conversion and exchange of Heppner equity interests into Class A shares, Beneficient said.Management plans to pursue all available legal remedies against the former executive and related entities if the parties fail to reach an acceptable agreement before his October sentencing, the company added.Shares of the company were up roughly 327% in Wednesday trading.Price: $2.30, Change: $+1.76, Percent Change: +327.29%

$BENF

Wire9h ago

NorthEast Community Bancorp Keeps Quarterly Dividend at $0.25 a Share, Payable Nov. 13 to Holders of Record Oct. 9

$NECB

Wire10h ago

Conagra Brands Q1 Likely to be In-Line, UBS Says

Conagra Brands (CAG) is expected to post a broadly in-line fiscal Q1 and to keep its fiscal 2027 outlook amid inflation concerns, UBS said in a note Wednesday. The results are due Sept. 30.For Q1, EPS is expected at $0.27, below Visible Alpha's $0.28 consensus, the note said. Organic sales are projected to decline 1.6%, against estimates of a 1.4% fall.Although the outlook has become more challenging, the firm is likely to reiterate its guidance due to the limited visibility this early in the year, the report said.UBS analysts said they would remain on the sidelines until there is greater visibility into an improvement in operating conditions amid "attractive" valuation.UBS maintained its neutral rating with a $14 price target.Price: $14.81, Change: $+0.03, Percent Change: +0.20%

$CAG

Wire10h ago

Dauch Shares Fall After Downgrade From Jefferies

Dauch (DCH) shares were down 3.6% in Wednesday afternoon trading after Jefferies downgraded the company's stock to hold from buy and lowered its price target to $7.10 from $8.25.Trading volume was over 3.1 million shares, compared with a daily average of roughly 3.3 million.Price: $5.70, Change: $-0.22, Percent Change: -3.64%

$DCH

Wire10h ago

Autoliv Shares Fall After Downgrade From Wolfe

Autoliv (ALV) shares were down 3.1% in Wednesday afternoon trading after Wolfe downgraded the company's stock to peer-perform from outperform.Trading volume stood at more than 750,000 shares against a daily average of about 653,000.Price: $115.09, Change: $-3.69, Percent Change: -3.10%

$ALV

Wire10h ago

Realty Income Shares Fall After Scotiabank Downgrade

Realty Income (O) shares fell 1.7% in Wednesday trading after Scotiabank downgraded the stock to sector perform from sector outperform, and lowered its price target to $59 per share from $67 earlier.Trading volume stood at about 7.1 million shares, compared with a daily average of almost 5.9 million.Price: $55.58, Change: $-0.95, Percent Change: -1.68%

Wire10h ago

Graphic Packaging Shares Rise After JPMorgan Upgrade

Graphic Packaging (GPK) shares rose 1.4% in Wednesday trading after JPMorgan upgraded the stock to overweight from neutral, while adjusting the price target to $11.50 from $12.50.Trading volume stood at over 4.1 million shares compared with a daily average of nearly 5.2 million.Price: $9.71, Change: $+0.14, Percent Change: +1.41%

$GPK

Wire10h ago

Royal Caribbean-Sandals Deal Accretive in Year One, Truist Says

Royal Caribbean's (RCL) proposed acquisition of a 50% stake in Sandals Resorts is likely to be viewed favorably because it is accretive to earnings in its first full year of ownership, rather than delayed to year two or beyond, Truist Securities said in a note Wednesday.The deal, expected to close in early 2027, received positive early industry feedback, with travel executives citing strong cross-over potential between Royal Caribbean's and Sandals' customer bases, contingent on execution, Truist said.The $3 billion deal, at a 10x EBITDA multiple, is comparable to Hyatt's (H) acquisition of Playa Hotels & Resorts last year, according to Truist. The firm estimates the transaction is about 0.5% accretive to Royal Caribbean's 2027 EPS and share price.Royal Caribbean and Sandals chief executives highlighted plans to connect loyalty programs across both customer bases and pointed to potential future use of Sandals' Caribbean real estate for cruise passenger beach clubs, though resort expansion remains the nearer-term priority, Truist said.Truist maintained its hold rating and $297 price target on Royal Caribbean.Price: $227.70, Change: $-7.19, Percent Change: -3.06%

$H$RCL

Wire10h ago

PG&E Shares Fall After UBS Downgrade

PG&E (PCG) shares fell over 3% on Wednesday after UBS downgraded the stock to neutral from buy and cut its price target to $14 per share from $19.Trading volume stood at nearly 29.1 million shares compared with a daily average of over 33.2 million.Price: $12.47, Change: $-0.42, Percent Change: -3.22%

$PCG

Wire10h ago

Update: Market Chatter: Microsoft Agrees to Keep Shareholder Proposal Rights Through 2027

(Updates with Microsoft's response to a request for comment in the fifth paragraph.)Microsoft (MSFT) will maintain current eligibility thresholds for shareholder proposals through next year's annual meeting under an agreement with activist investor Paul Chesser, Reuters reported, citing a copy of the agreement.The agreement was reached amid proposed changes being considered by the US Securities and Exchange Commission to the shareholder proposal process, according to the report.Chesser, a director at the National Legal and Policy Center, told Reuters the agreement could give smaller investors an opportunity to have their proposals considered.Microsoft said in an emailed statement to Reuters that the one-year agreement provides a "clear and predictable process" while the SEC reviews its rules."With the Securities and Exchange Commission announcing that its shareholder proposal regulatory framework is under review, we agreed to maintain the current eligibility thresholds for one year, providing Microsoft and its shareholders a clear and predictable process for the next proxy cycle", a Microsoft spokesperson told.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $500.07, Change: $+2.07, Percent Change: +0.42%

$MSFT

Wire10h ago

Walmart Inaugurates New Neighborhood Market in Mesquite, Texas

Walmart (WMT) said Wednesday it has opened a new 45,000 square-foot Neighborhood Market in Mesquite, offering fresh groceries, everyday essentials, pharmacy services and more.Walmart has invested over $2.5 billion in Texas stores over the past five years, and plans to remodel 72 locations across the state in 2026, according to a statement.Price: $110.23, Change: $+0.11, Percent Change: +0.10%

$WMT

Wire10h ago

Update: Oruka Shares Fall Despite Deepening Week 28 Responses for ORKA-001

(Updates with stock movement in headline and first paragraph.)Oruka Therapeutics (ORKA) shares fell 6.2% in Wednesday trading even after the company said that patients in its phase 2a trial for plaque psoriasis treatment ORKA-001 continued to improve through week 28, though they stopped receiving doses after week 4.Skin clearance rates improved by week 28, with PASI 100 responses rising to 71.4% from 63.5% at week 16, while PASI 90 rates rose to 87.3% at week 28. IGA 0/1 response rates were maintained at 84.1%, the company said.The patients who crossed over from placebo to ORKA-001 at week 16 showed similar responses, with 40% achieving PASI 100 at week 28, while the drug maintained a favorable safety and tolerability profile, the company said.Price: $88.70, Change: $-5.85, Percent Change: -6.19%

$ORKA

Wire10h ago

Biomea Fusion Shares Fall After Terminating Proposed Public Offering

Biomea Fusion (BMEA) shares were down over 19% in Wednesday trading after the company said it terminated its proposed public offering of securities announced Tuesday.The termination follows management's evaluation that current market conditions are not conducive to offering terms that would be in the best interests of its stockholders, the company said.No securities were sold in connection with the proposed offering.Price: $1.38, Change: $-0.33, Percent Change: -19.12%

$BMEA

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